Restructuring/Insolvency
Canada Guide 2025 : Nationwide - Canada
Band 2
Email address
[email protected]Contact number
+1 416 362 1812About
Provided by McCarthy Tétrault LLP
We have one of the largest bankruptcy & restructuring groups in Canada, with extensive experience in all areas of the practice. We regularly represent debtors as well as major financial institutions and other capital providers, large corporate creditors and court-appointed monitors, receivers and trustees.
Clients look to us because of our:
Breadth – Our team is experienced in complex insolvency matters and sensitive restructurings. We integrate our multijurisdictional scope and expertise with the firm’s national strength across a broad spectrum of other key practice areas such as banking, litigation, tax, securities, labour and employment, and pensions.
Cross-border experience – We understand the bankruptcy/insolvency environment on both sides of the Canada-US border, and we regularly act on major international matters with U.S., European and other co-counsel.
Track record – Our significant role in most major Canadian and cross-border restructurings, insolvencies and work-outs for more than 20 years has earned us a superlative track record in all areas of this field nationwide.
Leadership – Leading legal directories and publications routinely acknowledge us as pre-eminent insolvency and restructuring professionals.
Service – We pride ourselves on responding quickly to our clients’ needs in a proactive and practical manner. We apply a creative, business-oriented approach to achieve their objectives, both in the boardroom and in the courtroom.
Chambers Review
McCarthy Tétrault has a strong national restructuring and insolvency team with a significant creditor-side practice. It regularly advises restructuring officers and monitors, as well as undertaking large debtor mandates. McCarthy Tétrault offers notable cross-border capabilities and experience relating to pensions and investment funds, and stands out for its recent involvement in energy sector insolvency matters, in addition to acting on mandates in the manufacturing and automotive industries. The firm's clients benefit from its multidisciplinary offering and expertise in litigation, tax and corporate law, while its national breadth allows it to provide local support across Canada.
Work Highlights
- The team at McCarthy Tétrault acted for Brookfield Infrastructure Partners on an asset purchase agreement with Cyxtera, following the latter company's Chapter 11 filing.
Strengths
Provided by Chambers
"The team at McCarthy Tétrault is always creative and capable of navigating complex situations. They're always willing to pull in the appropriate people to address the matters on each file."
"McCarthy Tétrault has competent and very rigorous professionals. Nothing is left to chance, as all the required areas of expertise are covered by high-quality professionals."
"McCarthy Tétrault is a more than excellent firm with very strong professionals. They are highly available and responsive, with excellent service and advice."
"McCarthy Tétrault has solid bench strength and strategic thinkers. It's a leading practice in the sector across the country."
"The team at McCarthy Tétrault is always creative and capable of navigating complex situations. They're always willing to pull in the appropriate people to address the matters on each file."
"McCarthy Tétrault has competent and very rigorous professionals. Nothing is left to chance, as all the required areas of expertise are covered by high-quality professionals."
"McCarthy Tétrault is a more than excellent firm with very strong professionals. They are highly available and responsive, with excellent service and advice."
"McCarthy Tétrault has solid bench strength and strategic thinkers. It's a leading practice in the sector across the country."
Notable Practitioners
James Gage advises monitors and trustees in addition to companies undertaking restructuring proceedings. He heads up the bankruptcy and restructuring practice at McCarthy Tétrault and is based in Toronto.
"James Gage is one of the best in Canada for restructuring."
"James is a wonderful human being and very smart lawyer. He's thoughtful and methodical."
"James is the trusted hand that makes sure everything is written and presented correctly. He sees left and right as complex issues move forward."
Alain Tardif has an array of experience acting for monitors and creditors in CCAA proceedings. He is based in Montréal.
"Alain Tardif is an excellent and hands-on practical lawyer. He's focused on the client and on providing solutions."
"Alain is an exceedingly strong advocate for his clients."
Sean Collins acts for monitors and receivers, as well as other stakeholders, on major restructurings. He splits his time between Calgary and Vancouver.
"Sean is one of our go-tos when it comes to complicated situations where we need high-level advice."
"Sean Collins is one of the best lawyers I've worked with - very experienced and practical."
Heather Meredith is based in Toronto, where she is regularly involved in major restructuring and insolvency matters. She has notable experience acting for the agents of lending syndicates.
"Heather provides quality advice, is a strong advocate and is able to make things happen."
Lance Williams is a Vancouver-based partner with notable cross-border restructuring experience, including acting for clients in the mining and forestry spaces.
"Lance Williams is extremely talented, very creative and tactical."
"I found Lance Williams great to work with, thoughtful and reasonable."
"Lance Williams is excellent - very talented and hard-working."
Based in Montréal and Québec City, Hugo Babos-Marchand is noted for his experience in advising secured creditors and debtor companies as well as financial institutions on large-scale bankruptcy and insolvency matters.
"Hugo is one of the best lawyers with whom I've had the opportunity to work. He is highly respected and a professional."
"Hugo Babos-Marchand is exceptionally client-centric. He's very accommodating and has exceptional client service."
"Hugo is an excellent lawyer. He's practical, efficient and does a great job for his clients."
"Hugo is a good lawyer with a hands-on approach. He's focused on the client."
Based in Montréal, Jocelyn Perreault is developing a strong reputation in the restructuring space.
Ranked Lawyers at
McCarthy Tétrault LLP
Nationwide - Canada
Members
Provided by McCarthy Tétrault LLP